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"I bought a house and expected the value to rise, as I think you did too" That is the twisted logic his party has been addressing re the housing situation for the last few decades, ever since the Tory led mantra of the UK becoming a home owning democracy so spouted by Thatcher et al. The real logic would be to say, a house is NOT a cash cow. it is a place to live and to which all have a right. But that would n ot fit well with the money mania created by the selfish and greedy that we have all of necessity had to become, in order to pay for a next house should we be required to relocate. Altruism is dad, all that matters is making a profit, but the situation could be, if not reversed, certainly it could be halted by the simple application of a tax on any mark up when selling a house, the overall effect being to stablise the housing 'market', so that profiteering becomes far less of an imperative. I refer of course to prime residences, not just secondary property, as far too much of the problems in potential 'bubbles' has been caused by primary residencies being excluded from taxation. If it is deemed necessary to accumulate tax levels via VAT, I see absolutely no reason to exclude tax on all property transactions.

"I bought a house and expected the value to rise, as I think you did too"
That is the twisted logic his party has been addressing re the housing situation for the last few decades, ever since the Tory led mantra of the UK becoming a home owning democracy so spouted by Thatcher et al.
The real logic would be to say, a house is NOT a cash cow. it is a place to live and to which all have a right.
But that would n ot fit well with the money mania created by the selfish and greedy that we have all of necessity had to become, in order to pay for a next house should we be required to relocate.
Altruism is dad, all that matters is making a profit, but the situation could be, if not reversed, certainly it could be halted by the simple application of a tax on any mark up when selling a house, the overall effect being to stablise the housing 'market', so that profiteering becomes far less of an imperative.
I refer of course to prime residences, not just secondary property, as far too much of the problems in potential 'bubbles' has been caused by primary residencies being excluded from taxation.
If it is deemed necessary to accumulate tax levels via VAT, I see absolutely no reason to exclude tax on all property transactions.varteg1

"I bought a house and expected the value to rise, as I think you did too" That is the twisted logic his party has been addressing re the housing situation for the last few decades, ever since the Tory led mantra of the UK becoming a home owning democracy so spouted by Thatcher et al. The real logic would be to say, a house is NOT a cash cow. it is a place to live and to which all have a right. But that would n ot fit well with the money mania created by the selfish and greedy that we have all of necessity had to become, in order to pay for a next house should we be required to relocate. Altruism is dad, all that matters is making a profit, but the situation could be, if not reversed, certainly it could be halted by the simple application of a tax on any mark up when selling a house, the overall effect being to stablise the housing 'market', so that profiteering becomes far less of an imperative. I refer of course to prime residences, not just secondary property, as far too much of the problems in potential 'bubbles' has been caused by primary residencies being excluded from taxation. If it is deemed necessary to accumulate tax levels via VAT, I see absolutely no reason to exclude tax on all property transactions.

Score: 0

Jonn says...11:47am Wed 2 Apr 14

Here we go again. Do these wan*ers ever learn? What happens when the bubble bursts?

Here we go again. Do these wan*ers ever learn? What happens when the bubble bursts?Jonn

Here we go again. Do these wan*ers ever learn? What happens when the bubble bursts?

Score: 1

stardusziggy says...12:57pm Wed 2 Apr 14

what happens is more people get kicked out of their homes, and the banks get bailed out by the taxpayer,then the bosses pick up a fat bonus.

what happens is more people get kicked out of their homes, and the banks get bailed out by the taxpayer,then the bosses pick up a fat bonus.stardusziggy

what happens is more people get kicked out of their homes, and the banks get bailed out by the taxpayer,then the bosses pick up a fat bonus.

Score: 1

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